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Turbulent political and macro-economic environments impact investor demand for UCITS in the third quarter of 2018

The European Fund and Asset Management Association (EFAMA) has today published its latest Quarterly Statistical Release describing the trends in the European investment fund industry in the third quarter of 2018 with key data and indicators for each EFAMA member countries.

Highlights of the developments during the third quarter of 2018 include:

• During the first three quarters of 2018, UCITS and AIFs attracted net sales of EUR 293 billion, compared to EUR 759 billion in the same period of last year. o UCITS attracted EUR 189 billion in net new money, compared to EUR 570 billion during the first three quarters of 2017. o AIFs attracted EUR 104 billion in net new money, compared to EUR 189 billion in the same period last year.

Bernard Delbecque, Senior Director for Economics and Research commented: “Trade tensions, pressure on interest rate and political uncertainty in Italy continued to dampen investor demand for UCITS in the third quarter of 2018”.

Note to editors:About the European Fund and Asset Management Association (EFAMA):EFAMA is the representative association for the European investment management industry, which represents 28 member associations and 62 corporate members. At end 2017, total net assets of European investment funds reached EUR 15.6 trillion. Close to 32,000 of these funds were UCITS (Undertakings for Collective Investments in Transferable Securities) and close to 28,300 of these funds were AIFs (Alternative Investment Funds). Including discretionary mandates, third-party regulated asset managers managed EUR 25 trillion in Europe at end 2017. For more information about EFAMA, please visit www.efama.org.